Fed's Williams Advocates Raising Rates at March Meeting

The video discusses the current economic imbalance caused by demand outstripping supply, leading to inflation. It highlights the impact of COVID-19 on supply chains and consumer behavior, and the role of fiscal and monetary policies in addressing these issues. The FOMC's adjustments to monetary policy, including changes to the federal funds rate, aim to restore balance and control inflation. The video also outlines future steps for reducing holdings of treasury and mortgage-backed securities.

In what ways has fiscal policy contributed to the economy in the past few years?

What steps is the FOMC taking to adjust monetary policy in response to current economic conditions?